Inflation in South Africa decreased to 4.4% y/y in April due to weaker core price pressures. We think that the headline rate will continue on a downward trend over the rest of the year. Combined with weak economic growth, we hold the non-consensus view that policymakers will cut rates.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.